Apple Co-Founder Ron Wayne Could Have Been Worth $35 Billion Today

Illustration for article titled Apple Co-Founder Ron Wayne Could Have Been Worth $35 Billion Today

Apple's "fifth Beatle," Ron Wayne, sold his 10% stake in the company two weeks after it was founded to avoid pushing paper and startup risks. That $35 billion would have been a lot of paper, Ron. I would have pushed.

Advertisement

Wayen was brought on by Steve Wozniak and Steve Jobs (with whom he had worked at Atari) to serve as an intermediary during disagreements or other business-related matters that would have benefitted from an informed, calculating third party.

"[Jobs] had a modest disagreement with Steve Wozniak over some philosophical issue, and I happened to be there at the time. We had a conversation in which, successfully, I was able to get the issue resolved," Wayne said in a television interview with Bloomberg earlier this week. "At the moment, Steve Jobs was very impressed with that bit of diplomacy and suggested immediately that we form a company with he and Wozniak each having 45% and myself having 10% as a philosophical tie-breaker in the case of any disputes in the future."

Advertisement

There are stories like this throughout the tech and entertainment space, sure, but you have to figure with Apple, which has flirted ever so gently with ExxonMobile as the most valuable company in the world in recent weeks, this stings just a tad bit more than the rest. [Bloomberg via AppleInsider]

You can keep up with Jack Loftus, the author of this post, on Twitter and Facebook.

Share This Story

Get our newsletter

DISCUSSION

From all the recent posts and stories I get the idea that very few around Giz trades stocks or really understands share holding...possibly Giz assumes everyone is some soothsaying wonder psychic. It is the worlds largest casino that can bring unfathomable wealth or financial destruction to yourself and others but more often then not you get out marginally more than you put in and your happy. The world is full of people sitting back day dreaming about the "if only you had" but reality is you never know and never will and those with any wherewith-how get past it and move on realizing that it is all a gamble. I mean really if you think about back it 1997 do you think this guy and many others were upset about dumping those apple shares they used to have...no I imagine they thought they got out just while the getting was still good.